SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : All About Sun Microsystems

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kal who wrote (7577)2/6/1998 1:12:00 PM
From: uu  Read Replies (2) of 64865
 
Kal:

You ask:
Why? (Re: Solomon Smith Barney downgrading SUNW from 1 to 2)


Well, because they want to buy more of the shares between $46 and $48 (if they can) before they go on and upgrade it to a strong buy again once it is in the $48-$49 range!! Was it not them a day earlier who said they had moved up their target price from $50 to $60. This caused the stock to jump to $50/shr. They most likely then sold their shares and a day later they come up with this downgrade in the hope they can buy more at cheaper price and do the same thing all over again! Surely by now you should know these con-artists!

Regards

Addi Jamshidi
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext